Avary Holding(SZ:002938)2024-05-27 08:24Group 1: Financial Performance - In 2023, revenue from automotive and server boards accounted for 1.68%, with a year-on-year growth of 71.45% due to a low revenue base in this sector, indicating strong future growth potential [1] - In April 2024, the company's revenue increased by 52% year-on-year, driven by significant order growth across various product lines [3] Group 2: Investment and Production Plans - The company plans to invest $250 million in the first phase of its Thailand facility, focusing on automotive and server-related products, with certification and sampling expected in the second half of 2025 [3] - The company aims to target high-end markets in the automotive sector, including domain controllers and radar technologies, while also focusing on AI servers in the server sector [3] Group 3: Capacity Utilization and Market Expansion - The company typically experiences lower capacity utilization in the first half of the year, with full production expected in the second half [3] - The company is actively expanding its domestic customer base in high-end markets, including foldable devices and other consumer electronics [4] Group 4: Capital Expenditure - The company maintains an average annual capital expenditure of over 3 billion, adapting to market demand and industry cycles [4]